Hatfield Homes, Inc. v. Pennview Savings Ass'n (In Re Hatfield Homes, Inc.)

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge:

The issue before us is whether we should grant the debtor’s complaint to sell its real property free and clear of the defendants’ liens. We conclude that said complaint should be denied because the proposed sales price does not, in our view, represent the highest possible sales price for the property in question.

The facts of the instant case are as follows: 1 On September 2, 1982, Hatfield Homes, Inc., d/b/a Oak Woods East (“the debtor”), filed a petition under chapter 11 of the Bankruptcy Code (“the Code”). The debtor’s principal asset is real…